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This paper discusses a number of aspects of operational-risk assessment of transmission systems, operational-risk assessment uses techniques developed from reliability analysis to predict the performance of the transmission system during a short period of time (several hours) starting from a well-defined operational state. The influence of weather parameters on the momentary failure rate and the operational...
There is an increasing trend towards using the concept of risk assessment as an important tool in distribution system asset management. In an ongoing R&D project (RISK DSAM), the main objective is to investigate how information about risk exposure can improve maintenance and reinvestment decisions in an electrical distribution company. As the popularity of Bayesian networks (BN) is increasing,...
This paper illustrates the challenges associated with risk assessment for reinvestments decisions. A holistic framework for risk assessment in electricity distribution systems will be described first and then used to structure the analysis and decision making in a case study concerning cable reinvestment. These decisions are generally multi criteria decisions, including risks related to e.g.; economy,...
Fuel diversification implies the selection of a mix of generation technologies for long-term electricity generation. The goal is to strike a good balance between reduced costs and reduced risk. The method of analysis that has been advocated and adopted for such studies is the mean-variance portfolio analysis pioneered by Markowitz (1952). However the standard mean-variance methodology, does not account...
Sweden was re-regulated in 1996 followed by new laws and regulations. These new circumstances have become incentives to adopt more comprehensive and quantitative analysis methods applied on Electrical Distribution Systems (EDS). This paper provides a systematic presentation of the current risk management at a Distribution System Operator (DSO) as an integrated part of the net planning process. The...
The paper presents a practical dynamic security region (PDSR) based dynamic security risk assessment and optimization model for power transmission system. The cost of comprehensive security control and the influence of uncertainties of power injections are considered in the model of dynamic security risk assessment. The transient stability constraints and uncertainties of power injections can be considered...
Cost-effective maintenance scheduling of power system equipment is critical, especially with present economic scenario of power industry. Apart from long-term maintenance policy, asset planners need to come up with revised short term maintenance strategies mainly due to the shrinking budget allocations for various reasons. The problem may be formulated as follows: if it is the same availability of...
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